Write a 1-2 page essay describing the fractional reserve system. Ensure you clearly elucidate the fundamental principle underlying the global economic system, and how the global economy essentially lives on debt.
Use 2 quality resources, excluding Wikipedia and similar pages. Use APA format, Times New Roman, double spaced, font size 12, and be sure to include a cover page. Note that the cover page and references are not included in the required page length.